In this sense, he explained in statements to C5N that “in Mauricio Macri’s drought, which cost the Argentines some 9 billion dollars, they ended up negotiating a loan that exceeded 53 million. In this drought that will cost us some 20 billion, the contours that are being rediscussed with the Fund have to do with contemplating that”.
“The Fund for better or worse is here, we have not been the ones who have brought it. Negotiations have been very tough in recent weeks. The measures that were taken yesterday responded to the change that we saw from last week to today“, he mentioned.
“The measures had to do with two issues: showing the market that, when looking to the future, The Central Bank changes the ways in which it had been managing the exchange rate and protects its currency with the rise in interest rates“, he stressed.
Regarding the skyrocketing of the blue dollar, Woyecheszen indicated that “this is a process“. “There are measures that the National Securities Commission (CNV) and the AFIP are taking shortly so that this effort is reflected in prices,” he added.
“The uncertainty going forward generates this type of behavior, some speculative and others in the need to protect themselves against this uncertainty,” he added.
On the other hand, he highlighted: “The first good news is that the liquidation of exports appeared and the Central Bank is accumulating reserves” and specified that “we have bought more than 350 million dollars.”
He also referred to Javier Milei’s campaign proposal on the elimination of the Central Bank and maintained that “there is no normal country that does not have a Central Bank.”
Regarding the promise of dollarization, Woyecheszen indicated that “Argentines have already suffered the effects of betting on this type of magic.” “We are experiencing convertibility that, like dollarization, does not ensure: that you will resolve the fiscal issue and that you do not have an accelerated debt process in dollars that is unsustainable,” he defined.
Source: Ambito
